0 Wasco Almonds Portwood Kern Rnch Bakersfield, CA 93302
This exceptional agricultural investment opportunity encompasses approximately 1,237.33 acres of land situated in Bakersfield, Kern County, California (zip code 93302). The property, identified by APN numbers 069-262-49 and 069-280-07, is zoned A and features approximately 1,189.2 acres planted with almonds, boasting young orchards ranging from 7 to 10 years of age. The robust irrigation system includes seven irrigation wells, three reservoirs equipped with three filter stations, and a substantial 694 kW AC solar system, contributing to operational efficiency and cost savings. Water access is provided through the Semi-Tropic Water Storage District (WSD), utilizing four non-contract meters and four non-contract canal lift pumps. While the property does not have contract water, the existing infrastructure ensures reliable irrigation. Supporting infrastructure includes a fenced equipment yard, a steel-framed shop, and a pole barn. The productive soils and established almond orchards generate significant income and offer attractive tax benefits. This turnkey operation presents a rare opportunity to acquire a well-maintained and highly productive almond ranch in a prime agricultural location. The asking price for this remarkable property is $20,500,000, translating to approximately $16,568 per acre.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.